ORIGINAL: BTBowhunter
Steel, think about what you just posted. You have actually helped support what Doug and I have said.
You have demonstrated that the industry has a very good handle on what those claims cost. They do that with all claims. Guess why? So they can justify their rates. More $$ in predictable claims= more premiums for that coverage= higher total profits as a percentage of a higher number!
With the reduction in PA deer claims, Pa insurance companies will likely face a demand for lower comp premiumsfrom the insurance department the next timethey file for rates. If they were to get into the deer controversy (and they wont) they'd be quietly on the side of more deer.
You are overthinking this entirely too much. Premiumsare where insurance companies make their money. When you file a claim, they have to pay out. Less deer incidents equates to paying less money out to the customers paying in on their premiums. Thus higher profits. And don't look for a rate reduction due to the decrease in PA deer incidents. Lets be realistic. Less deer = less claims+more profit. If premiums truly reflected the deer risk and the companies were honest, we would all be seeing an appreciable rate decrease. Of course I don't really believe in either the accurate reflection of predictable risk, or the honesty of the companies. Sorry, Doug. Nothing personal.